4. The higher a person's rate of time preference, the lower the interest rate needed to get them to defer their consumpt

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4 The Higher A Person S Rate Of Time Preference The Lower The Interest Rate Needed To Get Them To Defer Their Consumpt 1 (48.46 KiB) Viewed 38 times

4. The higher a person's rate of time preference, the lower the interest rate needed to get them to defer their consumption to the future. a True b. False Indicate the answer choice that best completes the statement or answers the question. 5. Regulation Q. passed following the Great Depression, set a a maximum on the interest rates banks can charge. b. maximum on the interest rate that banks can pay on deposits. c.maximum on the quantity of money that the US Treasury can print. d. floor on the interest rate that banks can pay on deposits. 6. Money is generally thought of as a whatever a nation's government declares it to be. b. being printed by the government. e a measure of the wealth of a nation. d anything generally accepted in exchange for goods and services. 7. Which of the following characteristics would make a commodity a good candidate to function as money? a Pleasing to the eye, broadly demanded, and casily standardized b. Easily divisible, physically durable, and easy to carry around c. Physically durable, easy to carry around, and difficult to lose d. Broadly demanded, collectiblo, and easily divisiblo